Sep 3, 2010 6:00am EDT
is effectively using traditional grassroots methods, that it begi in the classical sense of grass roots as a sort of a neighbor to neighbor wellspring in that way. and they were handed perhaps the spoon fed infrastructure and the funding to achieve a clear objective spiritoso the remark about the mainstream media not being aware of or being on where of reporting on the validity of the grass-roots movement, i think is a little bit disingenuous when you look at i guess a of a classical understaing of what grassroots is and how it really begins as two stepping into something and then using those methods. so that's my question if that makes sense. >> david? >> i tried to tou on that in my remarks. i don't think -- i think liberal spend a lot of time trying to thread the movement by pointing that out and conservative spend time trying to utterly deny it and neither of them is right because like i was saying, these organizations have been around for years and they were set up to do something like this. freedom works set up because they figure at some point millions of americans would to be willing to s
Sep 3, 2010 2:00am EDT
needed that becomes too big to fail. the bill doesn't give us the authority but it does give us the authority if we despair of these other methods that we believe the firm in size and complexity is dangerous we have both of the living will requirement but also the authority regulators collectively to break up firms. i don't know the answer to that question. that is the charge congress has been -- given the regulators and we take seriously that charge. we put in place some reasonable approaches, but i appreciate your historical perspective which says over the long run you have to take into account the political influence of these large institutions. >> in terms of the will of the institutions themselves, there is a division in american industry. some industries have adopted levels of self regulation, in depth, an acceptable behavior for instance nuclear power industry has developed impressive processes. best practice and enforcement, on the other hand. they had just seen one of the manifestations. the financial community or nuclear power industry or more like deepwater drilling.